The stock of Workday Inc (NYSE:WDAY) hit a new 52-week high and has $147.26 target or 60.00% above today’s $92.04 share price. The 7 months bullish chart indicates low risk for the $18.21 billion company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $147.26 price target is reached, the company will be worth $10.93 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 682,862 shares traded hands. Workday Inc (NYSE:WDAY) has risen 51.81% since February 26, 2016 and is uptrending. It has outperformed by 41.39% the S&P500.
Workday Inc (NYSE:WDAY) Ratings Coverage
Out of 37 analysts covering Workday (NYSE:WDAY), 14 rate it a “Buy”, 2 “Sell”, while 21 “Hold”. This means 38% are positive. Workday has been the topic of 95 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, February 25 by Wedbush. The rating was downgraded by Wedbush on Friday, May 27 to “Underperform”. The firm has “Outperform” rating given on Thursday, August 27 by Wedbush. Drexel Hamilton initiated the stock with “Buy” rating in Friday, October 9 report. The rating was initiated by Stephens with “Equal-Weight” on Thursday, August 4. The stock has “Market Perform” rating given by Cowen & Co on Friday, June 24. The rating was maintained by JMP Securities on Thursday, August 27 with “Market Outperform”. RBC Capital Markets maintained it with “Outperform” rating and $83 target price in Thursday, August 27 report. Jefferies maintained the stock with “Hold” rating in Thursday, August 25 report. As per Friday, February 19, the company rating was maintained by Barclays Capital.
According to Zacks Investment Research, “Workday, Inc. is engaged in providing enterprise cloud applications for human resources and finance. It delivers Human Capital Management, Financial Management, Payroll, Time Tracking, Procurement, and Employee Expense Management applications. The Company provides its customers the applications to manage critical business functions for their financial and human capital resources. It serves technology, financial services, business services, healthcare and life sciences, manufacturing, and consumer and retail industries, as well as education and government industries. Workday, Inc. is headquartered in Pleasanton, California.”
Insitutional Activity: The institutional sentiment decreased to 1.15 in Q2 2016. Its down 0.02, from 1.17 in 2016Q1. The ratio fall, as 35 funds sold all Workday Inc shares owned while 80 reduced positions. 42 funds bought stakes while 90 increased positions. They now own 123.31 million shares or 1.62% less from 125.34 million shares in 2016Q1.
The Connecticut-based Westport Management has invested 0.08% in Workday Inc (NYSE:WDAY). Fil has 173,685 shares for 0.04% of their US portfolio. Clinton Gru Inc accumulated 33,456 shares or 0.11% of the stock. Fort Point Cap Prtn has 0.53% invested in the company for 14,544 shares. Proshare Advisors Ltd Liability Com has 3,995 shares for 0% of their US portfolio. Cullen Frost Bankers Inc last reported 125,354 shares in the company. Northern Tru Corporation owns 789,898 shares or 0.02% of their US portfolio. Kcg Holdings has 0.01% invested in the company for 9,234 shares. Moreover, First Interstate State Bank has 0.01% invested in Workday Inc (NYSE:WDAY) for 500 shares. Asset Management Inc has 0.01% invested in the company for 2,846 shares. Livforsakringsbolaget Skandia Omsesidigt owns 10,102 shares or 0.03% of their US portfolio. Los Angeles Cap Mgmt And Equity Research reported 20,905 shares or 0.01% of all its holdings. Tower Capital Ltd Limited Liability Company (Trc) has invested 0% of its portfolio in Workday Inc (NYSE:WDAY). Balyasny Asset Mngmt Ltd last reported 17,909 shares in the company. Stevens Capital Management L P has invested 0.24% of its portfolio in Workday Inc (NYSE:WDAY).
Insider Transactions: Since April 1, 2016, the stock had 0 insider purchases, and 62 selling transactions for $221.37 million net activity. Shares for $774,671 were sold by STILL GEORGE J JR. PEEK MARK S sold $645,127 worth of Workday Inc (NYSE:WDAY) on Friday, April 15. 5,844 shares were sold by Stankey Michael A., worth $415,945. Bozzini James had sold 3,886 shares worth $324,950 on Monday, August 15. 75,000 shares were sold by BHUSRI ANEEL, worth $6.25M. Shares for $612,000 were sold by MCNAMARA MICHAEL M. 1,138 shares were sold by Sisco Robynne, worth $94,967.
WDAY Company Profile
Workday, Inc., incorporated on March 16, 2012, is a well-known provider of enterprise cloud applications for finance and human resources. The Firm delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. It operates in the cloud applications segment. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working. The Company’s applications include Workday Financial Management, Workday Human Capital Management (HCM) and Workday Insight Applications. It also provides open, standards Web-services application programming interfaces, and pre-built packaged integrations and connectors.
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